Perceived Unfairness in CEO Compensation and Work Morale
Autor: Thomas Cornelissen, Oliver Himmler and Tobias Koenig
Nummer: 435, Dec 2009, pp. 5
JEL-Class: A13, D63, J22
Abstract:
CEO compensation that is perceived to be excessive regularly causes agitation in the population. Using German data, we show that perceiving CEO pay to be unjust has economic repercussions in terms of lower work morale.
Zusammenfassung:
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